Florida law currently voids many life insurance beneficiary designations made pre-divorce by one spouse on behalf of the other spouse upon their divorce. Florida Statute 732.703, effective on July 1, 2012, legally treats a pre-divorce beneficiary spouse as if he or she pre-deceased the spouse holding the life insurance policy. Pre-divorce beneficiary designations for other types of...
Does your MSA (marital settlement agreement) include your ex-spouse’s obligation to maintain life insurance naming you as the beneficiary to secure future support payments in case of his or her death? Better look again, because the law has changed, and you may have lost that benefit even though it’s included in your divorce final judgment. Florida Statute...
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